Has anyone seen the senate panel hearing and really believe that goldman has no conflict of interest in buying CDS on things it sells. its like your real estate agent buying up insurance on the house they are selling to you. what the??
I believe the senate panel yesterday is a little bit wrong in saying that Goldman shorted their clients position. I believe they want more than just short, but they want their client to fail. Because credit default swap only makes you big money when the the structured product goes default or bely up... Just like that agent that sells you house only makes money if the house burns, not if its just needs fixing. anyone can enlighten me if Im wrong? thanks.
38 minutes ago - 4
I believe the senate panel yesterday is a little bit wrong in saying that Goldman shorted their clients position. I believe they want more than just short, but they want their client to fail. Because credit default swap only makes you big money when the the structured product goes default or bely up... Just like that agent that sells you house only makes money if the house burns, not if its just needs fixing. anyone can enlighten me if Im wrong? thanks.
38 minutes ago - 4